The interest rates payable on FCNR (B) deposit and RFC term deposits have been revised w.e.f. 01.01.2019. The rates are given hereunder:

The applicable rates are as follows:

Currency

Effective from

1 yr. to less than 2 yrs (% p.a.)

2 yrs. To less than 3 yrs (% p.a.)

3 yrs to less than 4 yrs (% p.a.)

4 yrs. to less than 5 yrs (% p.a.)

5 yrs. Only (% p.a.)

USD

01.01.2019

3.25

3.16

3.10

3.08

3.11

GBP

01.01.2019

1.51

1.67

1.73

1.79

1.83

EUR

01.01.2019

0.01

0.01

0.01

0.04

0.19

JPY

01.01.2019

0.05

0.05

0.04

0.04

0.05

CHF

01.01.2019

0.01

0.01

0.01

0.01

0.01

SGD

01.01.2019

1.10

1.09

1.09

1.12

1.17

The rate of interest on NRE/NRO term deposits maintained in Indian rupee is aligned with the interest rates on domestic term deposits.

No additional benefit of interest rate related to Staff or Senior Citizen will be applicable on NRE/NRO deposits.

Minimum tenure of NRE deposit is one year and no interest is payable on premature closure of NRE term deposit before one year. The maximum tenure of NRE term deposits is 10 years.

Minimum tenure of NRO deposit is seven days and no interest is payable on premature closure of NRO term deposit before seven days. The maximum tenure of NRO term deposits is 10 years. The deposits under this scheme are subject to TDS.

You have a wide range of choice of deposits through as many as 10 different schemes
offered by UBI. You may select them according to your best suited mode of meeting.